Trading has never been an easy road, but with an understanding of the markets and best brokers, traders can achieve their goals. Financial trading has different aspects which traders have to consider before they take any step. These include the market, trading tools, trading platforms, various instruments of the trade, commission, leverage, etc.
TickMill review will give the traders all these services that help them achieve their goals successfully with a smooth trade journey. Moreover, the broker is regulated and has had a good market reputation since its inception in 2014. As a result, the broker has, within a short time, attracted a lot of market investors and guided them towards easy trading.
In the article, TickMill Review 2022, traders will know the broker in-depth with its services, tools, technical indicators, trading platform, commission, deposit, and withdrawal all discussed in one place. Readers will have full knowledge of the broker by the time the article ends.
TickMill Broker Review: Pros and Cons
The broker, TickMill, is among the top-notch brokers of the industry with several facilities that won’t dissatisfy the investors at any point. The paragraph has listed out the pros and cons of the TickMill broker for a quick overview of the broker:
Pros:
- Low forex fees
- Low trading costs
- Easy account opening
- Regulated
- Free deposit and withdrawal of funds
- Trading platforms
- Maximum leverage of 1:500
- Demo account
- Zero inactivity fees
- Various products to trade
- Minimum deposit of $100
Cons:
- Only forex and CFDs are offered
- Basic news feeds
TickMill Broker Review: Scam and Regulation
TickMill broker is operating with the company name of TickMill Group of Companies. The company began its work in 2014 with the regulation of many authorities. It is regulated by the following:
- Seychelles Financial Services Authority (FSA) license number SD008
- Financial Conduct Authority (FCA) license number 717270
- Cyprus Securities and Exchange Commission (CySEC) license number 278/15
- Labuan Financial Services Authority (LFSA) license number MB/18/0028
- Financial Sector Conduct Authority (FSCA) license number FSP 49464
With the above details mentioned, it could be said that the broker is legit and not a scam.
TickMill Broker Review: Trading Account Types
TickMill broker offers its clients four trading accounts and a demo account for practice. Traders can choose the account that is suitable for their trading goal and would help them achieve it. Below are the account discussed individually for readers understanding:
Classic Account
The account is an easy and simple way of trading with the TickMill broker. The account has been designed for novice and experienced traders both so that they can make the most out of their investment and achieve the results. The account has the following features to support investors:
- Minimum deposit of $100
- Available currencies USD, EUR, GBP
- Spreads from 1.6 pips
- Maximum leverage of 1:500
- Minimum lots 0.01
- Zero trade commission
- Trading strategies
- Swap free Islamic account option
- CFDs on 62 currency pairs
- Optimal trading conditions
- Execution model NDD
- Average execution speed of 0.20 seconds
- Marginal call 100%
- Stop out 30%
- Market execution
Pro Account
The pro account is specifically made for professional traders who have the market knowledge and could use the features of the account to its potential. Traders can enjoy the following benefits with a pro account:
- 62 currency pairs for CFDs
- Cryptocurrencies with fluctuating spreads from 0.0 pips
- Minimum deposit $100
- Available base currencies USD, EUR, GBP
- Spreads from 0.0 pips
- Maximum leverage of 1:500
- Minimum lots 0.01
- Commission on 2 per side per 1,00,000 traded
- Trading strategies
- Swap free Islamic account option
VIP Account
The account is exclusively designed for the traders who prefer to invest in high volume trades and keep looking for competitive pricing and extra benefits. The investors of VIP account can take advantage of the following services:
- Minimum balance of 50,000
- Available base currencies USD, EUR, GBP
- Spreads from 0.0 pips
- Minimum lots 0.01
- Commission of 1 per side per 1,00,000 traded
- Trading strategies
- Swap-free Islamic account
- 62 currency pairs with CFDs
Islamic Account
The account is for the Muslim traders who believe in the Sharia law; they can use the accounts VIP, PRO, and Classic for trading and do not have the overnight charges. Traders of the account can access all the facilities of the account they have opted to trade with the below given services:
- USD, EUR, GBP base currencies
- NDD execution model
- Market execution
- Average execution speed 0.20
- Marginal call 100%
- Stop out 30%
TickMill Broker Review: Account Opening
The procedure of account opening with the TickMill broker is the same as other brokers. Below we have listed the steps for account opening, which is a digital process and hardly takes a day’s time to begin the trade.
- The basic step of creating an account is to register; traders have to register with the broker by filling in the form with name, country, client type, and email address.
- After registration, traders can log in to the client area and provide the broker with further information and upload the documents. Here traders submit the identity proof they have and upload them online for verification.
- Once done with this step, they move to create an account where they fill the account type, currency to trade, and leverage traders will require to invest in the market.
- The fourth step is creating a live account with the deposit of funds. The traders select their accounts and the deposit method. It could be bank transfers, credit cards, e-wallets, etc.
- So, the account is ready to invest in the market and make money.
TickMill Broker Review: Trading Platform
The trading platforms are the backbone for the trade as they help in market prediction. The tools and indicators all have the capacity to help traders invest to their maximum potential with their services. TickMill offers the most preferred trading platform, MetaTrader4 and 5 with Webtrader. Here, these three are discussed to make traders aware of their facilities and how they can become helpful for investments.
MetaTrader5
MetaTrader5 was introduced by the MetaQuotes company as a trading software in 2010. The software is not an extension of MetaTrader4 but with more advances in trading services. Traders can use the investment platform for a smooth, predictable, and easy trade. The software has given features:
- CFDs on forex, stocks, commodities, bonds ad cryptocurrencies
- All types of trade orders supported
- 6 types of pending orders
- Superior Algorithmic applications
- Expert advisors
- Trading robots
- Copy trading
- 38 plus integrated indicators
- 21 timeframes
- Multiple charts
- Customisable
- Built in the economic calendar
MetaTrader4
MetaTrader4 was introduced before MT5 in 2005 by the MetaQuotes company. The trading platform of TrickMill is completely customisable and provides investors with a trading edge. The trading platform is user-friendly and flexible with a global reach. The trading platform has the following features:
- Automated trading
- Backtesting
- Advanced analysis
- Expert advisors
- Charts and patterns
- CFDs on forex, stock indices, stocks, commodities, bonds, and cryptocurrencies
- Executes the orders
- 50+ indicators
- Customisable charts
- 39 languages
- Trading signals with notification
- Works with all devices’
Webtrader
The webtrader is the browser of the MetaTrader4, an online trading platform that helps in quick and easy access to a range of markets. This reduces the requirement of the softwares and pathetic downloads. The trading platform is accessible easily and has the following to offer:
- Direct trading browser
- One click trade
- Available 24 hours
- Intuitive interface
- Enhanced security and encryption
- Risk management
- Charting
- Real time quotes
- Customisable charts price
- 9 different time frames
- Modern browser
- 30 plus indicators
- Trading history
TrickMill Broker Review: Trading Instruments
The TrickMill broker has several trading instruments of the following markets:
- Forex
- Stock Indices and Oil
- Precious Metals
- Bonds
- Cryptocurrencies
TrickMill Broker Review: Commission and Spreads
The trading with modern online brokers has zero trade commission, and the different accounts of TrickMill are the same. They have the technology, services, etc., that are commission-free and have low transaction costs. Traders can invest freely without worrying about extra payments.
Spreads are the charges of brokers based on the gap between the price of the instruments, i.e., is the bid and the asking price. The TrickMill broker has spread from zero pips.
TrickMill Broker Review: Leverage
Leverage is the facility of loan by the broker for providing high market position to its clients at initial deposits. Traders can use the leverage ratio as per their requirements. The maximum leverage offered is 1:500. Traders have the leverage to make high investments and get double profits, but this is risky as well, so it should be used properly.
TickMill Broker Review: Deposit and Withdrawals
The deposit and withdrawal of funds are free of cost with the TrickMill broker. Traders can whenever they want to deposit and withdraw funds; however, for withdrawal, traders have to inform the broker in advance so they can do verification of the account and allow it in 2 business days.
For the deposit and withdrawal, traders can use the following options of bank wire transfer, credit and debit cards, bank accounts, and e-wallets. E-wallets could be:
- Skrill
- Neteller
- Sticpay
- Fasapay
- Unionpay
- WebMoney
- QIWI
- NganLuong
TickMill Broker Review: Education and Research Support
TickMill has eleven expert advisors that guide the traders in different sectors of the trade. These help in market research and education of the traders with the following:
- Market Insight
- Fund Analysis
- Tech Analysis
- Articles
- Blogs
- Charts
- Videos
All the above help traders learn and know the market with the research tools and indicators. They can also use the economic calendar, history, etc., for market research and a brief overview of the market movements. Thus a significant part of the trading business and education of the traders.
TickMill Broker Review: Customer Support
TickMill broker has a professional team of 150 members globally that work every day to make it easier for traders to invest, understand the services, and make the best trade with TrickMill. For contacting the team, they can use the following:
- Contact form
- Client support number: +852 5808 2921 and other numbers of offices are available on the website
- Email address: [email protected]
- 24 hours availability
Final Verdict
TrickMill broker is the best forex broker in the market with top-notch facilities. Traders can make the most out of their investments with their services, features, and customer support. They have 4 kinds of accounts with a demo account, zero trade commission, leverage, spreads from zero pips, simple deposit, withdrawal, etc. All these make the trade more comfortable.
The broker is regulated and is trustworthy; however, traders should check the facilities and instruments thoroughly before investing as they may find something not supporting their trade goal.
There are several online forex brokers that provide services to ease the trading process, ABinvesting as mentioned before is one of the online forex brokers with a high market reputation. Similarly, there are other brokers available online.
FAQ’s
What are trade instruments available with TrickMill broker?
The broker has these all markets and their instruments to trade:
- Forex
- Stock Indices and Oil
- Precious Metals
- Bonds
- Cryptocurrencies
How to open a trading account with a TrickMill broker?
The account with the broker could be opened easily as it has a digital and fast process. Traders can follow the given steps for account opening:
- Register
- Fill in information
- Select account type, leverage, and currency
- Deposit funds and begin trading
